Labor and Wages

Displaying 1 - 10 of 97

Homelessness and the Failure of Urban Renewal

Labor and WagesPoverty

Blog06/14/2019

We continue to live with the wreckage of failed urban renewal, and Progressive city planning. And the evidence can be seen in the tent cities and makeshift latrines we now see in public spaces.

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Three Ways Capitalists Make Workers Better Off

The EntrepreneurLabor and Wages

Blog06/07/2019

Capitalists provide a service to workers: access to capital with no risk, and immediate payment for services. Meanwhile, starting your own business brings both risk and a long wait before the profits start rolling in.

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The Irrelevance of “Worker Need” and “Employer Greed” in the Determination of Wages

Labor and Wages

Blog05/30/2019

In the conditions of a labor shortage, which necessarily materializes if wage rates go below the point corresponding to full employment, the payment of higher wages provides exactly the same benefit to employers.

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Why the Elites Look Down on Manual Labor

Labor and Wages

Blog05/18/2019

Alexandria Ocasio-Cortez is aghast that some people like to pick up a few bucks doing work which brings no prestige. This is part of a larger obsession among politicians with de-valuing and working against unglamorous jobs that involve "dirty" work.

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The Scaremongers Are Wrong about Robots and AI

Labor and WagesPoverty

Blog04/29/2019

Even if a machine were technically capable of providing the same service more cheaply, many consumers are likely to prefer human staff in many cases, including nurses and care providers, entertainers, chefs, and teachers.

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Krugman Needs a Lesson on Why Truckers Are Paid Less Now than in the 1970s

Labor and WagesValue and Exchange

Blog04/18/2019

Truckers are paid less now than in the 1970s because government regulators once tightly controlled competition, thus driving up the cost of living for everyone else.

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The High Cost of Mandatory Paid Parental Leave

Bureaucracy and RegulationLabor and Wages

Blog03/25/2019

Mandatory parental leave imposes costs on employees who don't qualify for leave, and on the employers themselves — driving down demand for workers, and raising unemployment. 

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How Wage Work Liberated Women (and Men)

Labor and WagesWorld History

Blog03/18/2019

Far from making women "wage slaves," Europe's move toward urban wage work liberated both women and men from the isolation and low productivity of rural farm work.

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The "Fertility Crisis" Is a Government-Caused Crisis

Labor and WagesWorld History

Blog03/15/2019

In a relatively unhampered market, a declining population is not necessarily an economic problem. But in a system where retirees can loot younger workers through government pension systems, there is a real problem, indeed.

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Small Businesses Are Key In Improving the Lives of Workers

Labor and WagesPoverty

Blog03/13/2019

Small businesses are essential in providing employment for workers who might otherwise be locked out of the mainstream economy. Small firms also drive large firms to compete for workers, thus driving up wages.

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